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Dec 11, 2012
12/12
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CSPAN2
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. >> host: good morning, bob. >> caller: question. this is a topic that nobody wants to talk about. the interest-rate cut the interest that is paid on the national debt. presently most of our debt is under short term, under 1%. and it's manipulated, of course, by the federal reserve and treasury department. so it's going to go from say 250 billion interest payments up to 7%, the next several years. one half trillion dollars in interest annually on the national debt. wondering, how is that going to impact our military industrial complex in the near future when that actually comes to be? >> that clearly -- the ticking time bomb for any part of the federal government and probably because of. [indiscernible] , the state government. we are in a time of unusually low interest rates. it will continue for a time, but when they rise it is going to be a body blow to the national politics and the country because, as your caller was indicating, the jump from 1% to 7% is such a massive increase in taxes that the only thing i can think of is, can you say greece? >> host: what does it mean for the
. >> host: good morning, bob. >> caller: question. this is a topic that nobody wants to talk about. the interest-rate cut the interest that is paid on the national debt. presently most of our debt is under short term, under 1%. and it's manipulated, of course, by the federal reserve and treasury department. so it's going to go from say 250 billion interest payments up to 7%, the next several years. one half trillion dollars in interest annually on the national debt. wondering, how...
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91
Dec 10, 2012
12/12
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CSPAN2
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bob dole in the midst of the anti-immigrant sentiment of the 1990s took it back below 30. george w. bush got it back up to the magic 40% that karl rove thought was the jumping-off point for neutralizing all these questions. so, you know, how -- we're talking about a fairly small margin of voters here. so if you, you know, a 10% shift in latino votes, moving a million two, million three, you know, the actual -- what the turnout is we don't really know yet. it's going the take a while. the exit poll numbers are losing credibility as time goes on, but that's -- i don't want to get too -- >> john king. >> geeky with you. yeah. [laughter] but the shift of a million voters, million and a half voters and romney would have been in the mid 30s in terms of his share. and everybody would have said that was a pretty good night for a republican. now, what would have happened in terms of actual states, i knew you were going to ask -- [laughter] >> and then i want to go down the row to get everyone. >> it's interesting, because it doesn't -- it would have, i'll leave it to the pundits to determine
bob dole in the midst of the anti-immigrant sentiment of the 1990s took it back below 30. george w. bush got it back up to the magic 40% that karl rove thought was the jumping-off point for neutralizing all these questions. so, you know, how -- we're talking about a fairly small margin of voters here. so if you, you know, a 10% shift in latino votes, moving a million two, million three, you know, the actual -- what the turnout is we don't really know yet. it's going the take a while. the exit...
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Dec 10, 2012
12/12
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bob inet's hear from minnesota, republican caller. caller: there is a topic that nobody wants to talk about. it is the interest rate. the interest paid on our national debt. currently, most of the debt is under short term, under 1%. is manipulated by the federal reserve and the treasury department. it is going to go from a historic? -- a historic -- $1.50 trillion in interest annually on the national debt. how is that going to impact the military industrial complex in the near future when that actually comes to be? guest: that clearly is a ticking time bomb for any part of the federal government. we are in a period of unusually low interest rates. when they rise, it is going to be a body blow to the national politics and the country. the jump from 1% to 7% is such a massive increase in taxes that the only thing i can think of is greece. host: what does it mean for the pentagon? guest: greece used to be one of the only three non-u.s. countries in nato that was spending to% of gdp on national security. -- 2% of gdp on national security.
bob inet's hear from minnesota, republican caller. caller: there is a topic that nobody wants to talk about. it is the interest rate. the interest paid on our national debt. currently, most of the debt is under short term, under 1%. is manipulated by the federal reserve and the treasury department. it is going to go from a historic? -- a historic -- $1.50 trillion in interest annually on the national debt. how is that going to impact the military industrial complex in the near future when that...
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Dec 10, 2012
12/12
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. >> bob sam mills from "the washington post." i think the proposals of the administration are to reduce the marine corps by 20,000 and the army by 80,000 from their peaks. there is much speculation that further cuts in the pentagon budget would lead to additional cuts in the army and the marines. if the united states was put in a position where it had to occupy and protect the oil fields of the persian gulf for an extended period of time, five or six years, are those forces adequate to do the job? >> one of the reasons i was able to get through the chairman is i try not to speculate too much on hypotheticals. the reductions in both the army and the marine corps have been in the budget now -- they have been on the hill, the beginnings of them, have been on the hill for the better part of the year. they are reductions both chiefs of the services and the chairman support. clearly, and i did as well, when i was chairman over a year ago. there was a need to come down. there was an expectation to do that as we move from what was a coup
. >> bob sam mills from "the washington post." i think the proposals of the administration are to reduce the marine corps by 20,000 and the army by 80,000 from their peaks. there is much speculation that further cuts in the pentagon budget would lead to additional cuts in the army and the marines. if the united states was put in a position where it had to occupy and protect the oil fields of the persian gulf for an extended period of time, five or six years, are those forces...
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Dec 10, 2012
12/12
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FOXNEWS
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>> yeah, there is one by bob dylan. one by ben harper, metallica. >> brian: you're looking to build skate parks, 'cause no one is building them in that area. >> right. and a lot of people skate there. they would have other facilities besides skateboarding. most are choosing skates, to be honest. so we're trying to provide facilities for them. >> steve: you sell them without the wheels. what if the deal breaker is, i got to have the wheels back on? >> we'll get you some wheels, no problem. >> brian: with the emergence of the x games, do you ever wish you were coming up right now? you were the 19-year-old kid? >> honestly, i love being one of the pioneers, so to speak, and seeing it all develop and it's so amazing to me now that i get to do it into my adult life. i'm thankful for that. so not really. i can't say i'm not benefitting. >> steve: sure, because rather than just being one of the guys who do things, you're the guy who kind of invented a bunch of stuff. >> and it's fun to see the new guys coming up and the counts
>> yeah, there is one by bob dylan. one by ben harper, metallica. >> brian: you're looking to build skate parks, 'cause no one is building them in that area. >> right. and a lot of people skate there. they would have other facilities besides skateboarding. most are choosing skates, to be honest. so we're trying to provide facilities for them. >> steve: you sell them without the wheels. what if the deal breaker is, i got to have the wheels back on? >> we'll get you...